jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Long-term Debt Instruments

​

​

​

​

​

​

​

​

​

​

​

​

​

Outstanding

​

°ä²¹°ù°ù²â¾±²Ô²µÌý±¹²¹±ô³Ü±ð

Ìý

​

ÌýÌýÌýÌý

Principal

ÌýÌýÌýÌý

DecemberÌý31,

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

​

​

DecemberÌý31,Ìý2019

​

2019

​

2018

Ìý

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

​

Corporate level notes and loans:

​

​

​

​

​

​

​

​

​

2.125% Exchangeable Senior Debentures due 2048 (1)

​

$

400

​

​

423

​

372

​

2.75% Exchangeable Senior Debentures due 2049 (1)

​

​

604

​

​

632

​

—

​

Sirius XM Holdings Margin Loan

​

​

350

Ìý

​

350

Ìý

600

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Sirius XM 3.875% Senior Notes due 2022

​

​

1,000

​

​

995

​

994

​

Sirius XM 4.625% Senior Notes due 2023

​

Ìý

500

Ìý

​

498

Ìý

497

​

Sirius XM 6% Senior Notes due 2024

​

​

—

​

​

—

​

1,490

​

Sirius XM 4.625% Senior Notes due 2024

​

​

1,500

​

​

1,485

​

—

​

Sirius XM 5.375% Senior Notes due 2025

​

​

1,000

​

​

993

​

992

​

Sirius XM 5.375% Senior Notes due 2026

​

​

1,000

​

​

992

​

991

​

Sirius XM 5.0% Senior Notes due 2027

​

​

1,500

​

​

1,488

​

1,487

​

Sirius XM 5.50% Senior Notes due 2029

​

​

1,250

​

​

1,236

​

—

​

Pandora 1.75% Convertible Senior Notes due 2020

​

​

1

​

​

1

​

—

​

Pandora 1.75% Convertible Senior Notes due 2023

​

​

193

​

​

163

​

—

​

Sirius XM Senior Secured Revolving Credit Facility

​

Ìý

—

Ìý

​

—

Ìý

439

​

Sirius XM Holdings leases

​

​

—

​

​

—

​

5

​

Deferred financing costs

​

​

​

​

​

(11)

​

(9)

​

Total Liberty SiriusXM Group

​

​

9,298

​

​

9,245

​

7,858

​

Braves Group

​

​

​

​

​

​

​

​

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Notes and loans

​

​

559

​

​

559

​

494

​

Deferred financing costs

​

​

​

​

​

(5)

​

(3)

​

Total Braves Group

​

​

559

​

​

554

​

491

​

Formula One Group

​

​

​

​

​

​

​

​

​

Corporate level notes and loans:

​

​

​

​

​

​

​

​

​

1.375% Cash Convertible Notes due 2023 (1)

​

​

1,000

Ìý

​

1,322

Ìý

1,062

​

1% Cash Convertible Notes due 2023 (1)

​

​

450

​

​

585

​

463

​

2.25% Exchangeable Senior Debentures due 2046 (1)

​

​

208

​

​

257

​

209

​

2.25% Exchangeable Senior Debentures due 2048 (1)

​

​

385

​

​

459

​

381

​

Live Nation Margin Loan

​

​

130

​

​

130

​

—

​

Other

​

​

32

​

​

32

​

33

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Senior Loan Facility

​

​

2,902

​

​

2,907

​

2,910

​

Deferred financing costs

​

​

​

​

​

(15)

​

(19)

​

Total Formula One Group

​

​

5,107

Ìý

​

5,677

Ìý

5,039

​

Total debt

​

$

14,964

​

​

15,476

​

13,388

​

Less debt classified as current

​

​

​

Ìý

​

(60)

Ìý

(17)

​

Total long-term debt

​

​

​

​

$

15,416

Ìý

13,371

​

(1) Measured at fair value

Schedule of Braves Holdings Debt

​

​

​

​

​

​

​

​

​

​

​

​

​

​

°ä²¹°ù°ù²â¾±²Ô²µÌý±¹²¹±ô³Ü±ð

Ìý

As of December 31, 2019

​

​

​

​

DecemberÌý31,

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

Borrowing

​

Weighted avg

​

Maturity

​

​

2019

​

2018

Ìý

Capacity

​

interest rate

​

Date

​

​

amounts in millions

​

​

​

​

​

Operating credit facilities

$

45

​

17

​

185

​

2.69%

​

various

​

Ballpark funding

​

​

Ìý

​

​

​

​

​

​

​

​

Term loan

​

49

​

52

​

NA

​

3.07%

​

August 2021

​

Senior secured note

​

190

​

195

​

NA

​

3.77%

​

September 2041

​

Floating rate notes

​

65

​

70

​

NA

​

3.80%

​

September 2029

​

Mixed-use credit facilities and loans

​

180

​

160

​

307

​

4.12%

​

various

​

Spring training credit facility

​

30

​

—

​

39

​

2.82%

​

December 2022

​

Total Braves Holdings

$

559

​

494

​

​

​

​

​

​

​

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (LevelÌý2), of Sirius XM Holdings’ publicly traded debt securities is as follows (amounts in millions):

​

​

​

​

​

​

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

​

​

2019

Ìý

Sirius XM 3.875% Senior Notes due 2022

​

$

1,021

​

Sirius XM 4.625% Senior Notes due 2023

​

$

508

​

Sirius XM 4.625% Senior Notes due 2024

​

$

1,569

​

Sirius XM 5.375% Senior Notes due 2025

​

$

1,036

​

Sirius XM 5.375% Senior Notes due 2026

​

$

1,063

​

Sirius XM 5.0% Senior Notes due 2027

​

$

1,584

​

Sirius XM 5.50% Senior Notes due 2029

​

$

1,355

​

Pandora 1.75% Senior Notes due 2020

​

$

1

​

Pandora 1.75% Senior Notes due 2023

​

$

239

​

Schedule of Maturities of Long-term Debt

The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):

​

​

​

​

​

2020

ÌýÌýÌýÌý

$

67

​

2021

​

$

546

​

2022

​

$

1,049

​

2023

​

$

2,235

​

2024

​

$

4,454

​